Investors should buy shares of United Parcel Service as more people turn toward e-commerce for consumer products and general retail, according to Deutsche Bank. Given the ongoing trend to online shopping, UPS stock is a buying opportunity for those on Wall Street looking for a cheaper option, according to analyst Amit Mehrotra, who upgraded shares […]
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Shares of Amazon have been under pressure, and the charts are pointing to more downside, according to one technical strategist. The stock posted its first negative week after five-straight weeks of gains, its longest winning streak since March. Despite the impressive streak, Amazon is showing signs of short-term exhaustion around Black Friday, and a further […]
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It’s the time of year, and that moment in a bull market, when investors start wondering whether to lock in some gains or let them ride. I know firsthand of one financial advisor email saying, “Your portfolio is up nicely this year and the market’s appreciation has made the asset allocation look pretty aggressive. Want […]
Read moreOn a wild day for the markets, CNBC’s Jim Cramer wanted to take a step back and focus on an under-the-radar name to help investors unwind. “Of course, the trouble with under-the-radar [stocks] is that sometimes you’re too late to the party and it’s already been discovered, so you need to walk away,” the “Mad […]
Read moreTax cuts versus potential legal troubles for the president: Which wins out in the markets? The markets have been focused for months on global economic growth, record earnings and the premium in the market for tax cuts. But traders have spent almost no time thinking about the risk premium in the market for President Trump‘s […]
Read moreA report that said Michael Flynn was directed by President Donald Trump to talk to Russians couldn’t have come at a more “delicate time,” closely followed trader Art Cashin told CNBC on Friday. The Dow Jones industrial average plummeted on Friday after The Associated Press and ABC News reported that Flynn, Trump’s former national security […]
Read moreBitcoin’s giant move upward is far from done, according to tech investor and stock picker James Altucher. According to Altucher, society has made major changes to its currency a few times in history: Gold replaced barter as a transactional currency; paper money replaced gold as a store of value; and bitcoin and other cryptocurrencies are […]
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Oil prices spiked higher on Friday, heading toward 2½-year highs the morning after two dozen crude-producing nations agreed to limit their output through the end of 2018. U.S. West Texas Intermediate crude prices rocketed up $1.24 per barrel, or 2.2 percent, to $58.64 by 10 a.m. ET. That put the contract within striking distance of […]
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Now that the Dow has blown past 24,000, Evercore ISI’s Rich Ross has three stocks that could take the index to 25K. The DJIA on Thursday posted its second best day of 2017, and has now seen eight-straight months of gains, something the Dow has not done since 1995. “I’ve got three great stocks for […]
Read moreNow that we’re in December, one portfolio manager says the best way to position oneself in the new year is with a combination of passive and active investment. Plus, said Chad Morganlander, portfolio manager at Washington Crossing Advisors, getting into “boring, quality names” with rising dividends will benefit investors most. Here’s why. With tactical asset […]
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